Live election results: Harris calls Trump to congratulate him on election victory
Vice President Kamala Harris called Trump on Wednesday to congratulate him on his election victory.
The World Trade Organization raised its outlook for global goods trade this year slightly, but cautioned Thursday that increasing geopolitical tensions and uncertainty over economy policy pose “substantial” risks to its forecast.
The Geneva-based WTO projected that global goods trade will increase by 2.7 per cent this year, compared with the 2.6 per cent it forecast in April. But it predicted growth of three per cent next year, down from the 3.3 per cent it forecast previously. Last year, the volume of world merchandise trade was down 1.1 per cent, pushed lower by high inflation and rising interest rates.
The global trade body cautioned that “rising geopolitical tensions and increased economic policy uncertainty continue to pose substantial downside risks to the forecast.”
Still, it pointed to a 2.3 per cent year-on-year increase in global merchandise trade in this year's first six months and noted that inflation had fallen far enough by mid-year for central banks to start cutting interest rates.
“We are expecting a gradual recovery in global trade for 2024, but we remain vigilant of potential setbacks, particularly the potential escalation of regional conflicts like those in the Middle East,” WTO Director-General Ngozi Okonjo-Iweala said in a statement. “The impact could be most severe for the countries directly involved, but they may also indirectly affect global energy costs and shipping routes.”
The WTO said there is “some limited upside potential” to its forecast if interest rate cuts in advanced economies fuel stronger-than-expected growth without reigniting inflation.
Vice President Kamala Harris called Trump on Wednesday to congratulate him on his election victory.
Donald Trump was elected the 47th president of the United States on Wednesday, an extraordinary comeback for a former president who refused to accept defeat four years ago, sparked a violent insurrection at the U.S. Capitol, was convicted of felony charges and survived two assassination attempts.
The former U.S. president and now president-elect addressed a crowd of supporters at his campaign headquarters in West Palm Beach, Fla., shortly after 2:30 a.m. EST, Wednesday morning.
Canadian Prime Minister Justin Trudeau and members of his cabinet congratulated Donald Trump Wednesday morning on his second United States presidential election win, amid questions about how the federal government intends to navigate a second term.
Donald Trump's election victory was history-making in several respects, even as his defeat of U.S. Vice-President Kamala Harris prevented other firsts. She would have been the nation's first Black and South Asian woman to be president.
Donald Trump won the U.S. presidency on Tuesday, and as of Wednesday morning, was also ahead in the popular vote. Historically, though, the candidate with the most votes hasn’t always won the contest.
A Kingston doctor is in a dispute with the Ontario Ministry of Health, which is trying to clawback more than $600,000 in OHIP payments.
U.S. search engine queries about moving to Canada shot up Wednesday in the wake of Donald Trump’s decisive win in the presidential election.
It was a moment that encapsulated one of the biggest challenges facing U.S. Vice President Kamala Harris' campaign – which, in the end, proved insurmountable. A country crying out for change got a candidate who, at a crucial moment as more voters were tuning in, decided to soft-pedal the change she knew she represented.
A Vancouver artist whose streetside singing led to a chance encounter with one of the world's biggest musicians is encouraging aspiring performers to try their hand at busking.
Ten-thousand hand-knit poppies were taken from the Sanctuary Arts Centre and displayed on the fence surrounding the Dartmouth Cenotaph on Monday.
A Vancouver man is saying goodbye to his nine-to-five and embarking on a road trip from the Canadian Arctic to Antarctica.
A Windsor teen’s social media post showing off a distinctive Windsor pizza topping has gone viral, drawing millions of views worldwide and sparking new curiosity about Windsor-style pizza.
Auston Matthews has come face to face with his look-alike. On Thursday, the Maple Leafs star met seven-year-old Grayson Joseph, who went viral for dressing up as an Auston Matthews hockey card.
A Halifax junk remover shares some of his company’s strangest discoveries.
When Leah arrived at work directing traffic around a construction site, she never expected to see a van painted in all sorts of bright colours, and covered in eclectic decorations, including a stuffed moose attached to its roof.
After 14 years of repairing and selling bicycles out of the garage of her home, a Guelph, Ont. woman’s efforts have ended – for now, at least.
Epcor says it has removed more than 20,000 goldfish from an Edmonton stormwater pond.